$348,000
120.00 Acres
Land
Lori Loe-Mehmke, Listing Office: Sun Lakes Realty
Is 98844, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98844 has remained a Buyer's Market.
Key Takeaway
98844 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98844, WA
How much do homes in 98844, WA cost?
Median Sold Price
$330,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+17.9%)
Key Takeaway
Homes in 98844 have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in 98844 was $330,000 in November 2024, up 17.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $170K | -55.8% |
| 2 Bedrooms | $243K | $310K | +27.6% |
| 3 Bedrooms | $257K | $325K | +26.5% |
| 4 Bedrooms | $577.5K | $362.1K | -37.3% |
| 5+ Bedrooms | $216.4K | $330K | +52.5% |
Summary: 98844 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.8%, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 37.3%, and 5+ bedroom homes increased by 52.5%.
Median Sold Price Compared To Nearby Zip Codes
| 98844 | $280K | $330K | +17.9% |
| 98855 | $312.8K | $299.9K | -4.1% |
Housing Supply in 98844, WA
How many homes are available in 98844, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 44 | -4.3% |
Summary: The 98844 real estate market had 44 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 98844 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98844, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 98844 in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 98844, WA
How long does it take to sell a home in 98844, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 105 Days | 61 Days | -41.7% |
Summary: Homes in 98844 had an average of 61 days on market in Nov 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98844 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 98844; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.